The demands and needs to support small businesses in the United States are becoming more evident as we continue to see the effects of COVID-19. Last week, NPR highlighted the inequities of how this global pandemic is hurting our Latino communities.
The National Association of Hispanic Real Estate Professionals premiered the most recent State of Hispanic Homeownership Report last month. According to the HWP Survey, “Latinos were more than twice as likely as their non-Hispanic White counterparts to be inclined to invest in a business when they have extra income.” The report shows one in six Latino business owners are not financially prepared for the impact due to COVID-19.
A recent survey found that 76% of small businesses have been negatively affected by COVID-19.
As voters, we have to look at the plans moving forward and the needs of our communities. Jobs and economic stability are concerns for many people and I know that Joe Biden’s commitment to work with the Latino community will be imperative to rebuilding in 2021. He has committed to a “restart package” to support public-private investment, reform opportunity zones and equalize federal procurement. Those are key items that will help our communities rebuild with more financial security for Latino communities.
In addition to voting, our task as voters is to encourage full participation in the voting process. We must ensure accurate information is shared to help folks turn in their ballots early. We each need to do as much as we can to support voting in Colorado from now until November 3rd.
Marta Loachamin is a former teacher, an experienced leader fighting for healthy communities, economic opportunity, sustainable and affordable housing, environment and equity.
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